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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 396.31-0.6%Dec 31 4:00 PM EST
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To: Maurice Winn who wrote (79743)9/16/2011 11:55:08 PM
From: arun gera1 Recommendation  Read Replies (1) of 218913
 
>There would be 100,000 people in China who would buy one tomorrow for NZ at $1 million. There might be that many in India who would outbid them to $2 million.>

Why don't you look at the data which already exists? I have already given you the range from $4000 ( mexican immigrant) to $75,000 (chinese immigrant).

Here is the another data point for software programmers from India, who come on H1 Visas from India. About half a million have come in the last 20 years.

>According to "The Bottom of the Pay Scale: Wages for H-1B Computer Programmers — F.Y. 2004," a report by Programmers Guild board member John Miano, non-U.S. citizens working in the United States on an H-1B visa are paid "significantly less than their American counterparts." How much less? "On average, applications for H-1B workers in computer occupations were for wages $13,000 less than Americans in the same occupation and state.">

So the H1 programmer is only willing to forgo $13,000 per year from his market value. He would typically work for 3-5 years on H1 before getting permanent residency. That is about $39,000-$65,000.

In the same way, the employer is not willing to pay a million dollar to get the ideal software programmer. In fact he is compromising for just $13,000 year of gain.

-Arun
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